Trump announces 25% tariffs on goods from Japan and South Korea beginning Aug. 1
Summary
President Donald Trump announced a 25% tax on goods imported from Japan and South Korea, set to start on August 1. He sent letters to the leaders of these countries through Truth Social, explaining the decision was due to ongoing trade imbalances with these key U.S. allies.Key Facts
- President Trump introduced a 25% tax on goods from Japan and South Korea.
- This tax, known as a tariff, will begin on August 1.
- Trump posted letters announcing the tariffs on Truth Social, a social media platform.
- He mentioned trade imbalances as the reason for the tariffs.
- The letters were sent to the leaders of Japan and South Korea.
- Trump had previously talked about changing trade negotiations.
- The letters were on official White House paper and had Trump's usual style.
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